Transit Oriented Development Will Combine High-End Residences and Retail
CHICAGO, IL – High Street Residential announces the acquisition of a 0.87-acre site for the construction of Maple&Main, a 6-story, Class A+ mixed-use transit-oriented building located at the epicenter of downtown Downers Grove, IL. The project will include 115 apartment units, best-in-class resident amenities and approximately 4,000 square feet of ground floor retail/restaurant space. Construction is expected to begin in 1Q 2017 and be ready for occupancy in 2Q 2018.
“Maple&Main will provide future residents with a great transit-oriented location, surrounded by the fantastic retail and restaurant activity within Downtown Downers Grove,” said Grady Hamilton, Managing Director with High Street Residential’s Midwest Business Unit. “We are excited to deliver a project that capitalizes on the same luxury amenities and unit finishes that have been so popular within our projects in Downtown Glenview and Uptown Park Ridge.”
The project offers studio/alcove, 1-bedroom, 1-bedroom plus den, 2-bedroom and 3-bedroom units. The abundance of resident amenities will include: a pet spa and bike lounge in the basement level, a hotel-like lobby/leasing center and Wi-Fi coffee lounge on the first level, a fitness center, yoga studio, club room, chef kitchen, and resort style pool deck with an outdoor kitchen located on the second level, and sky deck located on the sixth level with unencumbered views of the surrounding area. Maple&Main will offer residents on-site management, indoor heated parking, private storage lockers, and a guest suite available for visitors.
Maple&Main is being designed with eco-friendly aspects to maximize fresh air indoors, minimize exposure to airborne toxins and pollutants and use less energy. High-efficiency plumbing fixtures will decrease consumption of water and reduce the impact on municipal sewer system. Kitchens come equipped with Energy Star stainless steel refrigerators and dishwashers that maintain efficient performance. Forced air systems and return air is designed to be balanced and provide consistent air temperature and quality throughout the property.
“We are thrilled to be developing such a unique project in the village of Downers Grove,” added John Carlson, a Principal with High Street Residential’s Midwest Business Unit. “We enjoyed working with the Village officials, staff, and neighbors, to create best-in-class residential community tailored towards a lifestyle renter.”
The development is a consolidation of a three parcel land assemblage, including a single-family home, office building, and municipal parking lot, located within walking distance to the Main Street train station, many bus routes, bike lanes and sidewalk network.
Downers Grove is one of the most efficient transportation locations in Metro Chicago, sitting only 20 miles from O’Hare International Airport and Midway International Airport, and within minutes from major federal expressways-Interstate 88, Interstate 294 and Interstate 355. The project is within walking distance to the Downers Grove Main Street Metra Station – the third busiest Metra station outside of downtown Chicago.
ESG Architects will serve as the project architect and Carlson Construction will serve as the general contractor. David Paino, Vice President, will oversee the development of the project on behalf of High Street Residential. Jacob Dell, at CBRE Oak Brook, will be handling the retail leasing.
About High Street Residential
At High Street Residential, a wholly-owned residential subsidiary of Trammell Crow Company, our expertise is mixed-use projects on premier sites in major U.S. cities, very often adjacent to transit hubs. In the last decade the company completed more than 5,100 units representing more than $1.2 billion in value. We manage the development of apartments, condominiums and townhomes and have a have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. We have a current pipeline of over 10,000 units valued at nearly $3 billion. For more information, visit www.highstreetresidential.com.
